5506, Mag 218 Tower
Sold prices and rental history: sold twice, last in March 2011, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5506, Mag 218 Tower
What is 5506 worth today?
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Source: Dubai Land Department. Updated 1 November 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,596 sqft
- Floor
- 55th of 55
- Parking
- 1P36
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 23,200 /yr
- Last sold
- AED 1.65M · March 2011
- Building
- Mag 218 Tower
About 5506, Mag 218 Tower
5506 is a two-bedroom apartment of 1,596 sqft on the 55th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. The developer sold it on 8 March 2011 for AED 1,650,036, or AED 1,033 per sqft, 29% above the AED 799 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 1 November 2021, is AED 99,700 a year: a gross yield of 6.0% on the 2011 price, before the service charge of about AED 23,200 a year.
Sales and rents for 5506 over time
5506 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Mag 218 Tower, and where 5506 sits
All 222 2-beds →5506 last sold in March 2011 at AED 1,033 per sqft, 29% above what two-beds in Mag 218 Tower were fetching at the time (AED 799). Over the last 12 months two-beds sold for AED 1,600,000 to 2,500,000, around AED 1,273 per sqft, and rent for AED 70,000 to 275,000 a year. 5506's AED 99,700 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20267 October 2026 | 1,723 sqft | 1,600,000 | 928 | ||
| 25 Sep 202625 September 2026 | 1,798 sqft | 2,100,000 | 1,167 | ||
| 24 Jun 202624 June 2026 | 1,723 sqft | 2,040,000 | 1,183 | ||
| 19 May 202619 May 2026 | 1,798 sqft | 2,450,000 | 1,362 |
Mag 218 Tower
Building550 apartments, 1-bed to 2-bed over 55 floors in Dubai Marina, completed in 2010 by Dream Estate. 27 sold in the last 12 months.
- Typical price per sqft
- AED 1,362 Up 4.0%
- Typical sale
- AED 1.26M
- Typical rent
- AED 87K /yr
- Typical yield
- 6.3%
Other units on the 55th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5501 | 2-bed | 1,596 sqft | AED 1.85MAED 1,850,000 · Oct 2024October 2024 | 99,000 /yr | |
| 5502 | 1-bed | 908 sqft | AED 1.15MAED 1,150,000 · Dec 2022December 2022 | 53,000 /yr | |
| 5503 | 1-bed | 844 sqft | AED 1.15MAED 1,150,000 · Jul 2024July 2024 | 108,000 /yr | |
| 5504 | 1-bed | 908 sqft | AED 802KAED 802,101 · Sep 2011September 2011 | 95,000 /yr | |
| 5505 | 2-bed | 1,596 sqft | AED 1.29MAED 1,290,000 · Jan 2021January 2021 | 132,000 /yr | |
| 5507 | 1-bed | 908 sqft | AED 891KAED 891,223 · Sep 2012September 2012 | 76,072 /yr | |
| 5508 | 1-bed | 844 sqft | AED 828KAED 827,866 · Sep 2013September 2013 | ||
| 5509 | 1-bed | 908 sqft | AED 860KAED 860,000 · May 2011May 2011 | 105,000 /yr | |
| 5510 | 2-bed | 1,596 sqft | AED 1.72MAED 1,718,787 · Jun 2012June 2012 |
5506, Mag 218 Tower in numbers
- Sold twice: first on 8 March 2011 for AED 1,600,000, last on 8 March 2011 for AED 1,650,036 (AED 1,033 per sqft).
- Rented since October 2017 on 5 Ejari contracts, from AED 135,000 to AED 99,700 a year.
- At AED 99,700 a year the gross yield on the 2011 price is 6.0%, before a service charge of about AED 23,200 a year (AED 14.54 per sqft).
- Two-beds in Mag 218 Tower sold for AED 1,600,000–2,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,362 per sqft.
Source: Dubai Land Department. Updated 1 November 2021.
Questions about 5506, Mag 218 Tower
What did unit 5506 last sell for?
AED 1,650,036 on 8 March 2011, sold by the developer: AED 1,033 per sqft for 1,596 sqft. The unit has 2 registered sales; the first was AED 1,600,000 in March 2011.
What is the rent for unit 5506?
AED 99,700 a year on the contract renewed on 1 November 2021. The previous contract, from November 2020, was AED 95,000; the unit has been rented since October 2017.
How big is unit 5506?
1,596 sqft (148.3 sqm): a two-bedroom apartment on the 55th floor of a 55-storey tower completed in 2010.
What is unit 5506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mag 218 Tower sold for AED 1,600,000 to 2,500,000 in the last 12 months, around AED 1,273 per sqft.
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Mortgage on 5506, Mag 218 Tower
Starts from the last sale price (AED 1.65M, 8 March 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,650,036
- Deposit, UAE resident (20%)
- AED 330,007
- Deposit, non-resident (40%)
- AED 660,014
- Monthly over 25 years at 3.7%
- AED 6,751
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →